Cayman Tung Ling : Announcement of the capital reduction with cash payment of the company, on behalf of major subsidiary Tung Ling Industrial Co., Ltd.
Announcement of the capital reduction with
cash payment of the company, on behalf of major
subsidiary Tung Ling Industrial Co., Ltd.
Date of events
2022/06/30
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/06/30
2.Reason for capital reduction:
In order to cooperate with Group cash planning,it is
proposed to refund cash to parent company.
3.Amount of capital reduction:NTD$13,000,000
4.Cancelled shares:13,000 shares.
5.Capital reduction ratio:26%
6.Share capital after capital reduction:NTD$37,000,000
7.Scheduled date of the shareholders' meeting:NA
8.Estimated no.of TPEx-listed common shares after issuance
of new shares upon capital reduction:NA
9.Estimated ratio of TPEx-listed common shares after issuance
of new shares upon capital reduction to outstanding common
shares:NA
10.Please explain any countermeasures for lower circulation
in shareholding if the aforesaid estimated no.of TPEx-listed
common shares upon capital reduction does not reach 5 million
and the ratio does not reach 25%:NA
11.Record date of capital reduction:2022/07/01
12.Any other matters that need to be specified:None.
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Cayman Tung Ling Co. Ltd. published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 07:01:06 UTC.
Cayman Island Grand Galactica Corp Ltd is a Taiwan-based company principally engaged in the design, research, development, production and sales of children's wear and baby products. The main products include children's wear and baby products under the brand names of Piyopiyo, Abby bear, Kaeru, such as mother supplies, nursing supplies, weaning supplies, cleaning supplies, cotton textile products and underwear and children's clothing. The Company distributes its products in Asia and Americas markets.
Cayman Tung Ling : Announcement of the capital reduction with cash payment of the company, on behalf of major subsidiary Tung Ling Industrial Co., Ltd.
CAYMAN ISLAND GRAND GALACTICA CORP LIMITED 
